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Assume that the average worker has preferences over weekly leisure and consumption described by the utility function U = C 1/4 l 3/4 .If w
Assume that the average worker has preferences over weekly leisure and consumption described by the utility function U = C1/4l3/4.If w = $25, PC = $1 and the average worker has no unearned income, how long is the average work week?Assume 168 hours available per week.
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